Bakkt Launches Pilot for Bitcoin Futures
The Bitcoin futures platform, which is backed by Intercontinental Exchange(ICE), is officially in its testing phase with the delivery of BTC futures. The company revealed this to the public in an official tweet posted on July 22.
Today kicks off user acceptance testing @ICE_Markets for the Bakkt Bitcoin Daily & Monthly Futures contracts
Testing is proceeding as planned with participants from around the world
— Bakkt (@Bakkt) July 22, 2019
Per the announcement, Bakkt started yesterday its user testing for daily and monthly futures contracts.
Details of the launch of futures testing were first revealed in June by Adam White, Bakkt COO:
“On July 22, two days after Apollo 11’s 50th anniversary, Bakkt will initiate user acceptance testing for its bitcoin futures listed and traded at ICE Futures U.S. and cleared at ICE Clear US. This is no small step. This launch will usher in a new standard for accessing crypto markets.”
He then went on to compare the event with the moon landing, as it would have a great impact on the world of finance and blockchain.
“Bakkt may be a form of moonshot, but it’s grounded in an earthbound endeavor to support the future of finance and the adoption of blockchain technology. In its own way, Bakkt’s efforts to help institutions launch safely into this market is the right stuff for the future.”
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